Cooper Tire & Rubber Company (CTB) Given “Hold” Rating at Jefferies Group LLC

Cooper Tire & Rubber Company (NYSE:CTB)‘s stock had its “hold” rating reiterated by stock analysts at Jefferies Group LLC in a report released on Sunday. They currently have a $40.00 target price on the stock. Jefferies Group LLC’s price target points to a potential upside of 19.58% from the stock’s current price.

Several other equities analysts also recently weighed in on the stock. FBR & Co restated a “buy” rating and set a $53.00 target price on shares of Cooper Tire & Rubber in a report on Tuesday, September 5th. Deutsche Bank AG raised their target price on shares of Cooper Tire & Rubber from $40.00 to $45.00 and gave the company a “hold” rating in a report on Monday, August 7th. BidaskClub downgraded shares of Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Zacks Investment Research upgraded shares of Cooper Tire & Rubber from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a report on Tuesday, August 1st. Finally, Standpoint Research upgraded shares of Cooper Tire & Rubber from a “hold” rating to an “accumulate” rating in a report on Tuesday, June 20th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $42.00.

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Cooper Tire & Rubber (CTB) opened at 33.45 on Friday. Cooper Tire & Rubber has a 52-week low of $32.78 and a 52-week high of $44.50. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 9.25 and a beta of -0.03. The company’s 50-day moving average is $34.94 and its 200-day moving average is $38.25.

Cooper Tire & Rubber (NYSE:CTB) last posted its earnings results on Friday, August 4th. The company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.11. Cooper Tire & Rubber had a net margin of 6.71% and a return on equity of 17.67%. The firm had revenue of $720.75 million during the quarter, compared to the consensus estimate of $775 million. During the same period last year, the firm posted $1.27 EPS. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. Equities analysts predict that Cooper Tire & Rubber will post $3.40 earnings per share for the current year.

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Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in shares of Cooper Tire & Rubber by 36,940.2% during the 1st quarter. BlackRock Inc. now owns 5,771,600 shares of the company’s stock worth $255,971,000 after purchasing an additional 5,756,018 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Cooper Tire & Rubber by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 4,350,677 shares of the company’s stock worth $157,060,000 after purchasing an additional 20,738 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Cooper Tire & Rubber by 11.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,430,014 shares of the company’s stock worth $123,824,000 after purchasing an additional 350,313 shares during the last quarter. Fairpointe Capital LLC boosted its stake in shares of Cooper Tire & Rubber by 14.8% during the 2nd quarter. Fairpointe Capital LLC now owns 3,377,104 shares of the company’s stock worth $121,914,000 after purchasing an additional 436,279 shares during the last quarter. Finally, Royce & Associates LP boosted its stake in shares of Cooper Tire & Rubber by 14.3% during the 2nd quarter. Royce & Associates LP now owns 2,955,339 shares of the company’s stock worth $106,688,000 after purchasing an additional 369,045 shares during the last quarter. 94.58% of the stock is currently owned by institutional investors.

About Cooper Tire & Rubber

Cooper Tire & Rubber Company is a manufacturer and marketer of replacement tires. The Company specializes in the design, manufacture, marketing and sales of passenger car, light truck, medium truck, motorcycle, and racing tires. The Company operates through four segments: North America, Latin America, Europe, and Asia.